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India: Chennai Peripheral Ring Road (Sections 2 and 3)

SUMMARY

STATUS
Proposed
MEMBER
India
SECTOR
Transport
E&S CATEGORY
Category A
PROJECT NUMBER
000336

FINANCING

PROJECT TYPE
Cofinanced
PROPOSED FUNDING AMOUNT
USD378 million
FINANCING TYPE
Sovereign

TIMELINE

CONCEPT REVIEW
March 17, 2020

OBJECTIVE

To improve economic connectivity and road transport efficiency in the Chennai Metropolitan Area through the construction of a peripheral road.

DESCRIPTION

The planned activities under the proposed Project are:

  • Component A: Construction of a 56.8 km six-lane dual carriageway.
  • Component B: Capacity Development.

 

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

AIIB will be the lead financier.

Applicable Policy and Standards: AIIB’s Environmental and Social Policy (ESP) will apply to the Project. ESS 1 (Environmental and Social Assessment and Management) and ESS 2 (Involuntary Resettlement) will be applicable. Applicability of ESS 3 (Indigenous Peoples) will be assessed.

Categorization and Rationale: Category A was assigned on the expectation that the anticipated environmental and social risks and impacts may be substantial due to land acquisition, physical and economic displacements and diversion of forest land.

Scoping and Planned Instruments: Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) are being prepared. The EIA will address Project related environmental issues. The SIA will have a Resettlement Plan (RP) to govern all physical and economic displacements.

Summary of Potential Risks and Impacts: Environmental impacts could include diversion of 0.28 hectares of forest land, and removal of nearly 2,765 trees. Other adverse environmental impacts will be temporary and reversible during the construction. Social impacts include 395 hectares of land to be acquired, and 576 structures to be affected with 676 Project Affected Households identified.

Grievance Redress Mechanism (GRM). A multi-tier Project GRM will be established.

The above matters, as well as the stakeholder engagement arrangements, will be further assessed during the due diligence phase and relevant Environmental and Social information will be disclosed and consulted upon accordingly.

PROJECT TEAM LEADER

Mehran Avini

Senior Private Sector Development Technical Specialist

mehran.avini@aiib.org

 

The OPEC Fund for International Development (OFID)

Shaimaa Al-Sheiby

Senior Officer
Private Sector Operations

A.Al-Sheiby@ofid.org

BORROWER

Dr. Prasanna V. Salian

Deputy Secretary, Department of Economic Affairs, Ministry of Finance
Government of Republic of India

pv.salian@nic.in

 

Tamil Nadu Highways Department

Dr. A. Arun Thamburaj

Project Director,
Chennai Peripheral Ring Road Project

spnderpiu.cprr@tn.gov.in

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